TB MC Qu. 16-48 (Static) Information for Kent Corp. for the... Information for Kent Corp....
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TB MC Qu. 16-48 (Static) Information for Kent Corp. for the... Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting income Permanent differences $180,000 (15,000) 165,000 (12,000) $153,000 Temporary difference-depreciation Taxable income Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 As of December 31, 2021 $13,000 $25,000 The enacted tax rate was 25% for 2020 and thereafter, What would Kent's income tax expense be in the year 2021? Multiple Choice 35250
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